Paragraph 19 Delegation by the Board etcI1

Subject to paragraph 20, a committee established by the Board may delegate any of its functions to—

A function is delegated under this paragraph to the extent and on the terms that the committee of the Board determines.

The power of a committee established by the Board to delegate a function under this paragraph, and to determine the extent and terms of the delegation, is subject to the Board’s power to direct what a committee established by it may and may not do.